Dear fellow investors, friends, family and future self.
Happy New Year 2022! Welcome to my first portfolio update or the year 2022, I hope you enjoy them. I’ve decided to post updates at the end of the quarter, as things are not so interesting every single month. Now let’s get into things!
On the professional side, everything is good. I’m settling in the position, getting to know the colleagues and IT systems. I am happy that I work for a global company, with distributed workforce, with no need to come to the office, only when it’s needed. In January I have received my RSUs (reserved stock units), but they will start to get vested starting January 2023, but also this is the time when I will need to pay taxes for them. I will write a separate article about how the RSUs work in my company and how the taxation works in Germany.
On the personal side, nothing much. We are settling in with the new neighbors in the neighborhood, the kids are getting used to going to the kindergarten after such a long pause due to the pandemic, learning or re-learning German. We are planning a trip to Romania in April – May, around Easter, it will be our first in 5 (five) years! I am quite excited to see how things evolved there.
That’s it from the personal side, let’s see how my investments performed:
My investment account was at 13600€, 414€ more than previous update, broken down in 1510€ cash invested and -1096€ loos due to assets depreciation. This quarter was quite bad, due to this stupid war in Russia. I use Trade Republic as a broker and if you create an account using this link, we will both receive a bonus of 15€ after your first trade.
I had experienced investing into P2P lending with Mintos, but at the moment I am withdrawing until further notice. At the moment I have 465€ in the account. I have most of the money (460€) in recovery.
Finally, some numbers about our total net worth: it increased by about 8.000€ compared to last quarter (savings + investments). The increase can be attributed to savings and the credit reimbursement. We need to rebuild our savings first, before thinking of future investments.